GM bets $900M on new battery center and LMR chemistry

General Motors opened a 500,000-square-foot Battery Cell Development Center at its Warren Tech Center as part of a $900 million bet on electric vehicles. The center will develop LMR battery chemistry, which GM says will slash EV costs by nearly 10% and bring lower-cost batteries to market a year faster than planned. Kurt Kelty, GM's vice president of battery and sustainability and a former Tesla battery leader, is leading the effort.